Hut 8 Subsidiary Completes Pricing of $4.25 Billion Senior Secured Notes

Hut 8 Subsidiary Completes Pricing of $4.25 Billion Senior Secured Notes

2026-06-05 23:24View Original

ChainThink News: According to an official announcement, Hut 8, a Canadian Bitcoin mining company, has priced $4.25 billion in senior secured notes through its wholly owned subsidiary, Beacon Point DC LLC, with a coupon rate of 6.129% and maturity in 2042, expected to close on June 9.

The proceeds will be used to construct a data center on approximately 521 acres of land in Nueces County, Texas, featuring six data halls with a total critical IT capacity of 352 megawatts, which will be leased to a tenant with a credit rating no lower than AA- upon completion.

The notes are non-recourse to Hut 8’s parent company.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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